A corporation has the following capital stock as of December 31, 2021: 8% preferred stock $200 par value Cumulative 100,000 shares authorized 50,000 shares issued 45,000 shares outstanding.................................................................. $ 9,000,000 Common stock $10 par value 10,000,000 shares authorized 3,000,000 shares issued 2,500,000 shares outstanding................................................................ $25,000,000 Preferred dividends are in arrears. They received no dividends in 2020 or 2021. Record the journal entry needed on each day (or leave blank if one is not needed). January 20th, 2022 the board declared a cash dividend to pay all owed preferred dividends. January 30th, 2022 the company records the current stockholders. February 19th, 2022 the dividend is distributed. June 1st, 2022 the board of director declares a $1.00 per share dividend on common stock. June 15th, 2022 the company records the current stockholders. July 1st, 2022 the dividend is distributed.